A meeting of Irish finance minister Brian Lenihan and EU Economics Commissioner Olli Rehn, last night, circled around the issue of tax rising in Ireland. Both politicians agreed that the Irish government should try to reduce the nation's debt by increasing the country's budget through higher tax incomes.
A four-year government agenda plan on tax broadening and a cross-party agreement to support the nation, which is shaken by worrying economic developments and trends, will be revealed next month.
The Economic Official and advising instance underlines that Ireland should transform from being a low-tax nation to a middle-tax nation, regarded in a wider European context.
After the Meeting, Mr. Rehn points out: "In the current political situation in Ireland, irrespective of party political differences . . . it would be of great benefit for Ireland if broad political support for the necessary corrective measures of structural reform could emerge."
Nevertheless, Rehn clearly doubts to include corporation tax raises in the new reforms. The Commission representative is currently involved in a range of meetings with political Officials from Ireland in order recommend perspectives and views of his institution.
After his meeting with the Commissioner, the Senator Dan Boyle reports on the platform Twitter that Rehn is "operating in the country's best interests and is confident we can work through crisis".